Westfield Bank
Westfield Bank is an FDIC insured institution headquartered at
141 Elm St, Westfield, MA 01085.
It was founded in
1853 and has approximately $3 billion in
assets. Customers can open an account at one of its 23 branches.
Deposit Rates - February 10, 2025
Loan Rates - February 10, 2025
MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
---|---|---|
5 Year Adjustable Conforming
|
6.88% | $2,102.81 |
7 Year Adjustable Conforming
|
6.23% | $1,966.97 |
10 Year Fixed Conforming
|
6.45% | $3,560.37 |
15 Year Fixed Conforming
|
6.69% | $2,737.30 |
20 Year Fixed Conforming
|
6.82% | $2,371.16 |
30 Year Fixed Conforming
|
6.90% | $2,050.69 |
MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
---|---|---|
5 Year Adjustable Conforming
|
6.88% | $2,102.81 |
7 Year Adjustable Conforming
|
6.23% | $1,966.97 |
10 Year Fixed Conforming
|
6.45% | $3,560.37 |
15 Year Fixed Conforming
|
6.69% | $2,737.30 |
20 Year Fixed Conforming
|
6.82% | $2,371.16 |
30 Year Fixed Conforming
|
7.28% | $2,050.69 |
HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
---|---|---|---|---|
Line of Credit
|
1.99% | Varies | ||
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5 Year Loan
|
7.63% | $2,008.03 | ||
10 Year Loan
|
7.77% | $1,200.00 | ||
15 Year Loan
|
7.98% | $953.69 | ||
20 Year Loan
|
6.51% | $746.34 |
AUTO LOAN RATES | APR(%) | MONTHLY PAYMENT |
---|---|---|
3 Year
|
4.17% | $738.10 |
4 Year
|
4.13% | $564.48 |
5 Year
|
4.10% | $460.41 |
Overview 2025
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 90300 |
Date Established | 1853 |
Assets | $ 2.64 billion |
Loans | $ 2.03 billion |
Deposits | $ 2.23 billion |
Capital | $ 245.79 million |
Summary Balance Sheet as of September 30, 2024
ASSETS | |
Cash & Balances due from depository institutions | $ 59.96 million |
Interest-bearing balances | $ 31.45 million |
Total securities | $ 369.41 million |
Federal funds sold and reverse repurchase | $ 12.56 million |
Net loans and leases | $ 2.03 billion |
Loan loss allowance | $ 19.96 million |
Trading account assets | $ 4.37 million |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 14.48 million |
All other assets | $ 110.88 million |
Total Assets | $ 2.39 billion |
LIABILITIES | |
Total deposits | $ 2.23 billion |
Interest-bearing deposits | $ 1,655.52 million |
Deposits held in domestic offices | $ 2.23 billion |
% insured (estimated) | 72.33% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | $ 4.37 million |
Other borrowed funds | $ 6.15 million |
Subordinated debt | N.A. |
All other liabilities | $ 38.20 millionn |
Total Liabilities | $ 2.39 billion |
Shareholders’ Equity | $ 245.79 million |
Summary Income Statement as of September 30, 2024
INCOME AND EXPENSES | |
Total Interest Income | $ 81.24 million |
Total Interest Expense | $ 35.94 million |
Net interest income | $ 45.30 million |
Provision for loan and lease losses | $ 0.10 million |
Total non interest income | $ 9.63 million |
Total non interest expense | $ 42.26 million |
Pre-tax Net Operating Income | $ 16.61 million |
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